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Bitcoin Sets Record In Weekly Realized Profits – Data Supports Strong Demand
The post Bitcoin Sets Record In Weekly Realized Profits – Data Supports Strong Demand appeared on BitcoinEthereumNews.com. Bitcoin has entered a consolidation phase just below the $100,000 level, following an impressive rally that saw the price hitting all-time highs nearly every day for almost three weeks. While the market has quieted down recently, Bitcoin’s bullish momentum remains strong, and many analysts believe the pause is merely temporary before another upward push. Top analyst Axel Adler shared data revealing that this week saw a record in realized profits for BTC, indicating that investors are locking in profits while still maintaining confidence in BTC’s long-term potential. This is an important signal, as it suggests that even as BTC takes a breather, demand for the asset remains high and healthy. With the price stabilizing below the $100,000 mark, many traders and analysts are waiting for the next key move. The coming weeks will be crucial to determine whether BTC can break through this psychological barrier and continue its upward trajectory. As the market digests the recent gains, all eyes are on Bitcoin to see if it can sustain its bullish structure or if a deeper correction is on the horizon. Bitcoin Demand Pushing The Price Bitcoin has experienced unprecedented demand over the past few weeks, as the price made a historic move from $67,000 to $99,000 in less than 20 days. This surge represents one of the most rapid price advancements in Bitcoin’s history, highlighting the strength of market optimism and growing institutional interest. Following this meteoric rise, BTC finally retraced from its all-time high (ATH), but the pullback was short-lived. The price quickly recovered and has been consolidating just below the key $100,000 level, signaling that bullish momentum remains intact. Axel Adler shared insightful data revealing that BTC saw a record in realized profits this week, which underscores the market’s robust health. Realized profits occur when long-term holders lock…
The post Bitcoin Sets Record In Weekly Realized Profits – Data Supports Strong Demand appeared on BitcoinEthereumNews.com.
Bitcoin has entered a consolidation phase just below the $100,000 level, following an impressive rally that saw the price hitting all-time highs nearly every day for almost three weeks. While the market has quieted down recently, Bitcoin’s bullish momentum remains strong, and many analysts believe the pause is merely temporary before another upward push. Top analyst Axel Adler shared data revealing that this week saw a record in realized profits for BTC, indicating that investors are locking in profits while still maintaining confidence in BTC’s long-term potential. This is an important signal, as it suggests that even as BTC takes a breather, demand for the asset remains high and healthy. With the price stabilizing below the $100,000 mark, many traders and analysts are waiting for the next key move. The coming weeks will be crucial to determine whether BTC can break through this psychological barrier and continue its upward trajectory. As the market digests the recent gains, all eyes are on Bitcoin to see if it can sustain its bullish structure or if a deeper correction is on the horizon. Bitcoin Demand Pushing The Price Bitcoin has experienced unprecedented demand over the past few weeks, as the price made a historic move from $67,000 to $99,000 in less than 20 days. This surge represents one of the most rapid price advancements in Bitcoin’s history, highlighting the strength of market optimism and growing institutional interest. Following this meteoric rise, BTC finally retraced from its all-time high (ATH), but the pullback was short-lived. The price quickly recovered and has been consolidating just below the key $100,000 level, signaling that bullish momentum remains intact. Axel Adler shared insightful data revealing that BTC saw a record in realized profits this week, which underscores the market’s robust health. Realized profits occur when long-term holders lock…
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